North Carolina Investment Property Loans
Purchasing or refinancing an investment property in North Carolina?
We specialize in acquiring short-term and long-term loans for North Carolina real estate investors. Our private money lenders offer competitive rates on these loan options:
- Fix and flip loans
- 30-year rental property loans
- Vacation rental property loans
- Rental portfolio loans
Benefits of working with us:
- Rates start at 6.75%
- Fast closings
- No unnecessary paperwork
- No personal income verification
- No personal tax returns
- No lease requirements
- No hard pull on credit score
Types of Investment Property Loans in North Carolina
Here are the different types of investment property loan programs we work with.
North Carolina Loan Requirements
Every North Carolina hard money lender has a different loan process and minimum loan requirements.
Minimum Credit Score: 660
The minimum credit score for a hard money loan is 660. A private money lender will start by running a soft pull on your credit report. Since higher credit scores signal financial stability, these usually come with lower interest rates.
Min. Loan Amount: $75k
The minimum investment property loan amount is $75,000.
Minimum Documentation
- North Carolina Driver’s License or State ID
- North Carolina Articles of Incorporation
- North Carolina Articles of Organization (LLC)
- LLC Operating Agreement
- EIN Number or Letter
- North Carolina Certificate of Good Standing
Ability to Pay Monthly Payment
Conventional loan lenders compare your personal income to your monthly loan payment, primary residence mortgage and more. Private lenders look at the property appraised value, potential monthly cash flow, fair market rent, etc.
Ability to Repay the Loan
This will depend on the type of loan, current interest rates, down payment size and other factors. Traditional banks look at 2 years of personal tax returns, employment history, cash reserves and your credit report. Hard money lenders will look at acquisition purchase price, after-repair value, construction costs, potential monthly rental income, North Carolina rental market trends, etc.
Larger Down Payment
Real estate investment loans generally require a larger down payment. Expect a 10-35% down payment.
NC Investment Property Loan Programs
We work closely with private lenders who offer hard money loans in North Carolina specifically for real estate investing purposes:
- Purchase loan options
- Refinance options
- Cash out financing
- Fix and flip loans
- ARM rental property financing
- 30-year rental property loans
- Multi-family loans
Is a rental property a good investment in North Carolina?
North Carolina is a landlord-friendly state, with no state-wide rent controls, landlord-friendly eviction laws and experienced the 4th highest population growth in 2021. It’s also popular for tourism from the Northern and Southern states.
The 9th-most populous state is also home to many cities known for tourism, which are excellent for short-term renting. The Tar Heel State is experiencing a steady population increase from states with higher costs of living. NC property taxes are only 0.84%.
North Carolina Rental Market Cities
North Carolina has many short-term and long-term rental investment opportunities. While some NC cities are known for for vacation rentals, others are great for long term rentals such as those with universities or work opportunities.
- Greensboro
- Raleigh
- Charlotte
- Durham
- Winston-Salem
Is North Carolina a good state for landlords?
North Carolina is a landlord-friendly state with no notice requirements to enter a tenant-occupied property. Eviction laws can be enforced as fast as 5 days after Writ of Possession and there are no laws or regulations on annual rent increases.
Does rent go up every year in North Carolina?
As of April 26, 2023, here are the average rent prices and annual rent increases for different types of investment properties in Charlotte, North Carolina:
- Studio $1,608 (+2%)
- 1 Bedroom $1,572 (+9%)
- 2 Bedroom $1,854 (+10%)
Is North Carolina a good place to flip houses?
North Carolina is popular for tourism, retirees and people moving for a lower cost of living. There are real estate investors who are always looking long-term rental opportunities in Raleigh and Durham. Greensboro has the best return on investment for flipping homes. While Burlington has a rapidly growing population that needs new housing.
Best North Carolina cities for fix and flips:
Here are the best cities in North Carolina for house flippers.
- Burlington
- Raleigh
- Charlotte
- Durham
- Greensboro
- Winston-Salem
Curlee Capital LLC
Curlee Capital LLC specializes in North Carolina investment property loans. We’re part of the Real Estate Council in Austin (RECA), Austin Chamber of Commerce and many other real estate associations across the United States. We proudly maintain an A+ rating on Better Business Bureau.
We work with dozens of private lenders and have access to all types of loan programs. Every lender has a different risk tolerance and approves different borrowers. Our expertise is in matching a borrower to a lender who will approve a loan with the best loan terms and interest rates for that specific scenario.
Apply for a NC Investment Property Loan
Contact us to purchase or refinance an investment property in North Carolina.
Contact us to get:
- Free consultation
- Hard money lender expertise
- Less than 1 hour response time
- Up to 80% LTV
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